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4910 Savarese Cir, Tampa, F...

Capital Square 1031 Acquires Tampa Property At 4910 Savarese Cir For $7.07M With Buyer’s Rep Matthew Bear
SOLD

Capital Square 1031 Acquires Tampa Property At 4910 Savarese Cir For $7.07M With Buyer’s Rep Matthew Bear

4910 Savarese Cir, Tampa, FL, 33634

$7,070,000

$99/SF

Building Size

71,150 SF

Asset Type

Closing

Nov 20, 2023

AI

This transaction involves a property located at 4910 Savarese Cir, Tampa, FL, 33634, with a total square footage of 71,150. The property was sold for $7,070,000.00 in the Tampa market.

Summary of transaction details:

Matthew Bear from Bear Real Estate Advisors LLC represented the buyer, Capital Square 1031, in this transaction. The sale involved a significant investment in a commercial property within the Tampa market, reflecting the ongoing interest in property assets in the area.

Players

Matthew Bear

Bear Real Estate Advisors LLC

Broker

$7.1M

vol

2 deals

Broker
C1
Capital Square 1031Buyer

Tampa CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.24%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93